Monetary transitions in Cabo Verde : from the escudo zone to the exchange agreement with Portugal
Autor(a) principal: | |
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Data de Publicação: | 2020 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.5/20111 |
Resumo: | During the colonial period and within the framework of the monetary system of the Portuguese colonies, Cabo Verde lived in a situation of relative monetary and exchange stability. After independence, in 1975, the country underwent two monetary transitions: the first, immediately after independence and with the abandonment of the exchange rate parity with the Portuguese escudo; and the second, from 1998 onwards, following an exchange cooperation agreement with Portugal. During both transitions, the country could rebuild monetary and exchange stability, as a result of the way in which institutional and external factors of stability were used in each of them. However, the second transition significantly affected the evolution of trade and international investments in Cabo Verde, whose expansion resulted in a strong growth of the economy and exports. This paper analyses not only the conditions of monetary and exchange stability in the two transitions, but also the nature of the changes that took place with the second transition. Those changes were reflected in a trend of structural transformation and consolidation of the market economy in Cabo Verde, paving the way to the good economic performance of the last few decades. |
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Monetary transitions in Cabo Verde : from the escudo zone to the exchange agreement with PortugalCabo VerdeMonetary TransitionExchange Stability FactorsExchange Cooperation AgreementDuring the colonial period and within the framework of the monetary system of the Portuguese colonies, Cabo Verde lived in a situation of relative monetary and exchange stability. After independence, in 1975, the country underwent two monetary transitions: the first, immediately after independence and with the abandonment of the exchange rate parity with the Portuguese escudo; and the second, from 1998 onwards, following an exchange cooperation agreement with Portugal. During both transitions, the country could rebuild monetary and exchange stability, as a result of the way in which institutional and external factors of stability were used in each of them. However, the second transition significantly affected the evolution of trade and international investments in Cabo Verde, whose expansion resulted in a strong growth of the economy and exports. This paper analyses not only the conditions of monetary and exchange stability in the two transitions, but also the nature of the changes that took place with the second transition. Those changes were reflected in a trend of structural transformation and consolidation of the market economy in Cabo Verde, paving the way to the good economic performance of the last few decades.ISEG – CEsA/ CSGRepositório da Universidade de LisboaEstêvão, João2020-05-28T13:29:01Z20202020-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/20111engEstêvão, João (2020). "Monetary transitions in Cabo Verde : from the escudo zone to the exchange agreement with Portugal". Instituto Superior de Economia e Gestão – CEsA/ CSG - Documentos de Trabalho nº 179/ 2020info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:49:34Zoai:www.repository.utl.pt:10400.5/20111Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:04:55.046828Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Monetary transitions in Cabo Verde : from the escudo zone to the exchange agreement with Portugal |
title |
Monetary transitions in Cabo Verde : from the escudo zone to the exchange agreement with Portugal |
spellingShingle |
Monetary transitions in Cabo Verde : from the escudo zone to the exchange agreement with Portugal Estêvão, João Cabo Verde Monetary Transition Exchange Stability Factors Exchange Cooperation Agreement |
title_short |
Monetary transitions in Cabo Verde : from the escudo zone to the exchange agreement with Portugal |
title_full |
Monetary transitions in Cabo Verde : from the escudo zone to the exchange agreement with Portugal |
title_fullStr |
Monetary transitions in Cabo Verde : from the escudo zone to the exchange agreement with Portugal |
title_full_unstemmed |
Monetary transitions in Cabo Verde : from the escudo zone to the exchange agreement with Portugal |
title_sort |
Monetary transitions in Cabo Verde : from the escudo zone to the exchange agreement with Portugal |
author |
Estêvão, João |
author_facet |
Estêvão, João |
author_role |
author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
dc.contributor.author.fl_str_mv |
Estêvão, João |
dc.subject.por.fl_str_mv |
Cabo Verde Monetary Transition Exchange Stability Factors Exchange Cooperation Agreement |
topic |
Cabo Verde Monetary Transition Exchange Stability Factors Exchange Cooperation Agreement |
description |
During the colonial period and within the framework of the monetary system of the Portuguese colonies, Cabo Verde lived in a situation of relative monetary and exchange stability. After independence, in 1975, the country underwent two monetary transitions: the first, immediately after independence and with the abandonment of the exchange rate parity with the Portuguese escudo; and the second, from 1998 onwards, following an exchange cooperation agreement with Portugal. During both transitions, the country could rebuild monetary and exchange stability, as a result of the way in which institutional and external factors of stability were used in each of them. However, the second transition significantly affected the evolution of trade and international investments in Cabo Verde, whose expansion resulted in a strong growth of the economy and exports. This paper analyses not only the conditions of monetary and exchange stability in the two transitions, but also the nature of the changes that took place with the second transition. Those changes were reflected in a trend of structural transformation and consolidation of the market economy in Cabo Verde, paving the way to the good economic performance of the last few decades. |
publishDate |
2020 |
dc.date.none.fl_str_mv |
2020-05-28T13:29:01Z 2020 2020-01-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.5/20111 |
url |
http://hdl.handle.net/10400.5/20111 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Estêvão, João (2020). "Monetary transitions in Cabo Verde : from the escudo zone to the exchange agreement with Portugal". Instituto Superior de Economia e Gestão – CEsA/ CSG - Documentos de Trabalho nº 179/ 2020 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
ISEG – CEsA/ CSG |
publisher.none.fl_str_mv |
ISEG – CEsA/ CSG |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799131141312086016 |